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Top Stories
Higher Loan Limits in Bill May Help Floorplanning
NADA Wins Top Public Affairs Awards
Lincoln to Ax 200 Metro Stores
Lincoln Dealers May Bail Rather Than Reinvest for 2 Sales a Week
Hyundai to Recall 140,000 Cars in U.S.
Chevy: 700 Dealers Will Meet New Store Standards
Treasury May Be Only Seller in GM IPO: Sources
Opinion: Their Moon Shot and Ours
Top Stories
Higher Loan Limits in Bill May Help Floorplanning

Thousands of small auto dealerships will qualify for federally guaranteed loans of as much as $5 million under a bill due to be signed this week by President Barack Obama. (Read more)
Source: Automotive News

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NADA Wins Top Public Affairs Awards

David Hyatt, NADA's vice president of public affairs,
accepts top awards from the Public Relations Society of America.

The Public Relations Society of America, National Capital Chapter, presented NADA with three top communications awards at its 42nd annual Thoth awards gala at the historic Willard Hotel in Washington, D.C., on Thursday. “NADA Headlines” took top honors in the category of electronic written communications. NADA-TV won for internal video production, and the Cash for Clunkers campaign was recognized as best in class for public affairs media issues management. “To win one of these awards is quite an honor; to win three is unbelievable; we couldn’t be more pleased,” said David Hyatt, NADA’s vice president of public affairs. “This reinforces NADA’s position as the Voice of the Dealer, and is a great credit to the hard work of the public affairs staff; I couldn’t be more proud of our team,” Hyatt added. (Read more)
Source: NADAFrontPage.com

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Lincoln to Ax 200 Metro Stores

Survivors must upgrade to match premium rivals

DETROIT -- In an attempt to inject more luxury into its last remaining premium brand, Ford Motor Co. wants to cut at least 200 Lincoln franchises, or 40 percent of its dealers in major metropolitan areas. (Read more)
Source: Automotive News

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Lincoln Dealers May Bail Rather Than Reinvest for 2 Sales a Week

Ford Motor Co.’s Lincoln dealers may be facing the bleakest days in the brand’s 93-year history. Soon they will have to decide whether to double down on the luxury line or walk away. (Read more)
Source: Bloomberg

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Hyundai to Recall 140,000 Cars in U.S.

SEOUL—Hyundai Motor Co. said it will recall about 140,000 Sonata sedans in the U.S. because of a defect that could result in reduced or complete loss of steering ability. (Read more)
Source: The Wall Street Journal

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Chevy: 700 Dealers Will Meet New Store Standards

Upgrades aim to give buildings a uniform look

FENTON, Mich. -- By year end, Chevrolet expects to have 700 dealers renovating their stores to bring an upgraded, uniform look to the buildings, said Colleen Haesler, Chevrolet's director of sales operations. (Read more)
Source: Automotive News

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Treasury May Be Only Seller in GM IPO: Sources

The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares, three people with knowledge of the matter said on Friday. (Read more)
Source: Reuters

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Opinion: Their Moon Shot and Ours
By Thomas L. Friedman

We’re out of balance — the balance between security and prosperity. We need to be in a race with China, not just Al Qaeda. Let’s start with electric cars. (Read more)
Source: The New York Times

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Quotable
 
“We’re going to make a major investment in Lincoln over the next four years with seven new or significantly refreshed products.”

    -- Mark Fields, Ford’s president of the Americas, Bloomberg, Sept. 24


 
UPCOMING SEMINARS

NADA University Seminars Coming to California
   - Advanced Parts & DMS Management (Oct. 11–15)
   - Advanced Service Management (Nov. 1–5)
   - Advanced Manage by the Numbers (Nov. 8–12)
 

NADA University Sponsors Executive Summit to Improve Online Sales & Marketing (Oct. 18-20)


Transitioning to New Model Privacy Notice
(Oct. 27)

The New Risk-Based Pricing Rule (Nov. 3)


NADA Convention

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Used Car Guide



Guides | Data | Integrated Solutions | Analysis


NADA Urges Dealers to Participate in New Safe Driving Campaign

Click here for free materials.


Save 42% on HP Laptop

NADA members and staff can save $554 instantly on the HP ProBook 4520s Notebook PC (Energy Star®). Need a desktop? Save on the HP Compaq 500B Microtower for only $519. And the Compaq S2021 20-inch widescreen LCD monitor is only $130.To learn more about this offer and other discounted HP products go to NADA's PC Purchase Program site (member log in required).

September Specials from Lenovo

NADA members and their staff can save even more with Lenovo's September specials. Use eCoupon USXSEPTSAVINGS at checkout and save an additional 5 percent off the sale price of the T510 and Edge and 10 percent off the sale price of the W701. This offer expires Sept. 30. To learn more about this offer and others go to NADA's PC Purchase Program site (member log in required).


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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.